Claim Analytics

Claim Analytics

April 11, 2012 11:28 ET

Use of Predictive Analytics Improves Claim Outcomes-Presented at 2012 Insurance Canada Technology Conference

TORONTO, ONTARIO--(Marketwire - April 11, 2012) - Claim Analytics, a pioneer in the provision of leading edge predictive modeling solutions to insurance companies for improved outcomes, announced its recent participation as a presenter at the 2012 annual Insurance Canada Conference on March 5, 2012. The conference focused on technology improvements in the insurance sector that facilitate better workflow, smoother processes, higher-quality data, timely access to transactions and information, and improved decision-making and planning.

Ian Bridgman, VP Sales & Marketing at Claim Analytics shared the platform with Randall Day, Head of Claim Solutions at FINEOS, a leading claims management software provider and Claim Analytics partner. The topic, "Utilizing Your Data to Positively Impact Claims Outcomes" revealed how the scoring of Workers' Compensation, in conjunction with a flexible workflow system (like the one provided by FINEOS Claims), can be used to generate return-to-work plans for injured workers. The session highlighted how using predictive analytics, in conjunction with a modern claims platform, can produce actionable tasks to improve outcomes. The session also discussed real world examples of insurers using claims technology and claims scoring to impact their bottom line strategically.

"We were very pleased and honored to have participated in the Insurance Canada Conference as a presenter," said Ian Bridgman, VP Sales & Marketing, Claim Analytics. "The conference provides a great opportunity to network with other industry thought leaders, learn about best practices, and receive feedback from our stakeholders about their needs and interests."

The conference, which was titled, The New Landscape; Social Business, Mobile, Analytics, Modern Technology, brought together hundreds of industry experts to network, learn about mobilization, social media trends, and the importance of analytics, among other topics.

About Claim Analytics

Claim Analytics is an innovator in the insurance industry providing in-depth expertise in advanced predictive modeling to major insurance companies to assist with claim scoring, pricing, reserving and fraud detection. As a result, the Claim Analytics team provides innovative solutions to clients' problems that improve their competitiveness in the market.

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